The music veteran is currently undergoing treatment at the UCLA Medical Center.
The deal allows Apple Music to stream content owned and under license by all three major labels.
The music veteran will receive the prestigious honor during the 2020 Music Biz Conference in Nashville, TN.
Green Day, ASCAP, Stormzy, Coachella and SXSW have all been axed or postponed due to Coronavirus fears.
Is it time to scrap traditional sales altogether?
Can a genre-specific streaming site work?
The gender disparity amongst behind-the-scenes creatives still seems to be a major problem.
The deal was dubbed as 'a landmark day in the music industry'.